1 Member Way, Syracuse, New York, United States of America Req #1702
Thursday, September 5, 2024
Purpose: At every stage of life, positively impact members by providing affordable financial services. Empower Federal Credit Union offers excellent benefits including: Medical and Dental Insurance, 401K with Employer Match, Holiday Pay, Paid Time Off, and more!
Please note: All candidates will be subject to a credit check to determine employment eligibility. Role: The Chief Financial Officer (CFO) is a critical leader responsible for directing the financial strategy and operations of the Credit Union, with a focus on establishing and achieving major economic and financial objectives. This role is pivotal in driving financial performance, safeguarding the Credit Union's financial strength, and shaping its long-term strategic direction.
The CFO determines both short-term and long-term objectives in Accounting, Finance, Treasury, Risk Management, and Financial Planning & Analysis (FP&A).
The role includes overseeing the development, implementation, and execution of strategic initiatives that drive growth and ensure the Credit Union's financial health and stability. The CFO also manages key functions such as budgeting, accounting, purchasing, real estate, and liquidity management, ensuring alignment with the Credit Union's goals.
Reporting directly to the CEO, the CFO collaborates closely with senior leadership and the Board of Directors to steer the organization through a dynamic economic environment. The CFO actively seeks opportunities to optimize operations, mitigate risks, and leverage investments to support the Credit Union's mission. Additionally, this role involves maintaining primary oversight of interest rate risk, liquidity risk, and other critical risk factors to promote balanced and intelligent growth.
Headquartered in Syracuse, New York, the CFO plays a vital role in leading a high-performing team, fostering a culture of financial excellence, and driving the Credit Union's success in an increasingly competitive and regulated environment.
Essential Functions & Responsibilities: 25% Strategic Financial Leadership: Directs and monitors finance and accounting operations to ensure that the credit union meets established goals and objectives.25% Financial Planning & Analysis (FP&A): Direct the preparation and evaluation of budgets and capital plans; monitor expenditures and financial performance.20% Operational Efficiency & Compliance: Oversee reporting to regulatory authorities and collaborate with auditors on year-end and comprehensive audits. Ensure compliance with financial regulations and internal policies.5% Strategic Planning & Innovation: Participate in the Credit Union's strategic planning process, contributing financial expertise to long-term growth strategies.5% Governance & Reporting: Prepare financial reports and presentations for Senior Management and the Board of Directors as required.Knowledge and Skills: Experience: 10-15 years of similar or related experience preferably in a banking or credit union environment, in senior-level positions.
Education: (1) A master's degree, or (2) a bachelor's degree plus professional certification (e.g., CPA).
Interpersonal Skills: Work frequently involves exercising advanced conflict resolution, giving material presentations, and resolving issues impacting multiple departments or divisions. Role also requires the ability to motivate or influence others as a material part of the role, with a significant level of diplomacy and trust.
Self-motivatedMember FocusedExhibits steadfast attention to detailsExcellent oral and written skillsStrong interpersonal skillsThe ability to influence and collaborate with others at all levels of the organizationStrong business acumenAbility to work effectively in a team environmentOther Skills: Proven strategic, operational, and managerial ability in financial-services delivery or credit union/banking setting.Proven strong ability developing and implementing plans and analyzing financial and quality data.Demonstrated track record of building and nurturing diverse, equitable and inclusive teams.Strong interpersonal, leadership and communication skills.Proven ability to attract and recruit top talent, motivate the team, delegate effectively, and celebrate diversity within the team.Physical Requirements: Extended working hours may be required. Periodic travel between branches/locations and travel to conferences and seminars which may be out of town.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.
This Job Description is not a complete statement of all duties and responsibilities comprising the position. Our Diversity, Equity & Inclusion Statement: At Empower, we value and celebrate diversity with commitment to building equitable and inclusive environments for employees and the members we serve.
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